SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the June 30th total of 100 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 1.0 days.

SSAB AB (publ) Stock Performance

Shares of OTCMKTS:SSAAY traded down $0.08 on Friday, reaching $2.63. The company’s stock had a trading volume of 1,074 shares, compared to its average volume of 774. SSAB AB has a 52-week low of $2.51 and a 52-week high of $4.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.55. The stock’s 50-day moving average is $2.79 and its two-hundred day moving average is $3.23. The stock has a market capitalization of $5.41 billion, a P/E ratio of 4.77 and a beta of 1.49.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. The business had revenue of $2.65 billion for the quarter. As a group, sell-side analysts forecast that SSAB AB will post 0.34 EPS for the current year.

About SSAB AB (publ)

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.